Newton by Agency Systems | Insurance Agency Management Software for Independent Agents

Overview:
The process outlined below steps a retail agency through the process of renewing a policy through Policy Express. The procedure allows for automatic suspense creation and ACORD form updates.

Before You Begin:
For MGA/Broker clients, See: Policy - Renew a Policy in an MGA/Broker Agency.

Overview:

1. Load the Client on one of the four Client Tabs.
2. Left Click the Policy listed under Active Policies.
   (If the policy is expired, select the Policy Tab at the bottom, then Right Click on the expired Policy number and select Policy Express). 
3. Select Automated Procedures -> Renew Policy.
4. Update the Policy Number if required.
5. Enter the renewal Transaction Code. 
6. Enter the updated Effective and Expiration term dates. 
7. Optional Items:
   -Enter a Policy Tag description for the Policy Transaction.
   -Select Bring Forward Attachments if changing the Policy Number.
   -Select Create Suspense to automatically create a follow up ToDo item.
   
   
   
8. Select Next. (Confirm Yes to confirm Policy Number not changing if required)
9. Select any ACORD Forms to update with the new term information. Select Next.
10. The updated ACORD Forms will be displayed, and the renewal process is completed.